IWDA.L vs. FLXK.L
IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - IWDA.L tracks the MSCI World Index (Net) while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, IWDA.L returned 11.60%/yr vs 15.67%/yr for FLXK.L. A 0.64 correlation means they provide meaningful diversification when combined. IWDA.L charges 0.20%/yr vs 0.09%/yr for FLXK.L.
Performance
IWDA.L vs. FLXK.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWDA.L achieves a 10.17% return, which is significantly lower than FLXK.L's 75.46% return.
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
IWDA.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 15.63% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between IWDA.L and FLXK.L is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.64 |
The correlation between IWDA.L and FLXK.L has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWDA.L vs. FLXK.L — Risk / Return Rank
IWDA.L
FLXK.L
IWDA.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and Franklin FTSE Korea UCITS ETF (FLXK.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWDA.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.47 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 5.86 | -3.23 |
| Martin ratioReturn relative to average drawdown | 10.75 | 18.40 | -7.65 |
Loading charts...
Drawdowns
IWDA.L vs. FLXK.L - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for IWDA.L and FLXK.L.
Loading charts...
Drawdown Indicators
| IWDA.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -49.43% | +15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -24.10% | +15.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -28.54% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -47.00% | +21.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -24.10% | +23.98% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -20.23% | +15.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 7.70% | -5.66% |
Volatility
IWDA.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 2.72%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWDA.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 19.75% | -17.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 41.53% | -31.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 45.08% | -32.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 29.63% | -13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 29.61% | -13.83% |
IWDA.L vs. FLXK.L - Expense Ratio Comparison
IWDA.L has a 0.20% expense ratio, which is higher than FLXK.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWDA.L vs. FLXK.L - Dividend Comparison
Neither IWDA.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
IWDA.L and FLXK.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IWDA.L.
IWDA.L tracks MSCI World Index (Net), while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.20% for IWDA.L and 0.09% for FLXK.L.
Find the right allocation for IWDA.L and FLXK.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer